Boeing Shakes Up Leadership Amid Ongoing Challenges: CEO Dave Calhoun Announces Resignation

Boeing CEO Dave Calhoun to resign

Boeing has announced a major leadership shakeup, with CEO Dave Calhoun announcing his intention to leave the company by the end of the year. The company’s chairman and head of the commercial airplane unit are also departing.

In a letter to Boeing employees, Calhoun called the Alaska Airlines incident a “watershed moment for Boeing.” He emphasized the importance of fixing issues, regaining stability, and restoring the company’s reputation.

Boeing has faced challenges for over five years, including two fatal crashes of the 737 Max in 2018 and 2019 that resulted in 346 fatalities. Most recently, an Alaska Airlines 737 Max experienced a door plug blowout in January, causing a significant hole in the side of the plane. These issues have led to multiple groundings and more than $31 billion in cumulative losses.

During his tenure as CEO, Calhoun took leadership during a challenging period. His tenure included a 20-month grounding of the 737 Max due to a design flaw and the onset of the Covid-19 pandemic, which severely impacted air travel and Boeing’s customers.

This is an ongoing story and will be updated as more information becomes available.

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